A publicly held bond has a trustee who makes certain that the terms of the indenture are fulfilled.

Name: A publicly held bond has a trustee who makes certain that the terms of the indenture are fulfilled.
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A publicly held bond often has a trustee whose main responsibility is to oversee the bond's operations and ensure its terms are met. The trustee also represents the bondholders' interests and may take legal action if the issuer fails to meet the obligations outlined in the bond's indenture.

A Publicly Held Bond Has a Trustee Who Makes Certain